Market close
Finnish equities ended the session higher on Monday as sector gains in Oil & Gas, Telecoms and Consumer Services provided upward momentum. At the close in Helsinki, the OMX Helsinki 25 rose 0.08% to record a new all-time high.
Top movers on the OMX Helsinki 25
The strongest performer in the index was Neste Oyj (HE:NESTE), which climbed 3.53% - a gain of 0.83 points - to finish at 24.32. Nokia Oyj (HE:NOKIA) also posted a solid advance, adding 3.38% or 0.29 points to close at 8.94, a level noted as a five-year high for the shares. Fortum Oyj (HE:FORTUM) closed up 0.76% or 0.16 points at 21.30.
Lagging names
On the downside, Qt Group Oyj (HE:QTCOM) led decliners, dropping 5.03% or 1.10 points to end at 20.78. Metso Oyj (HE:METSO) fell 3.58%, a decline of 0.60 points to 16.15, while Lumo Kodit Oyj (HE:LUMO) closed down 2.29% or 0.20 points at 8.31.
Market internals
Declining issues outweighed advancing ones on the Helsinki Stock Exchange, with 115 stocks down versus 59 that gained, and 15 that finished unchanged. The uneven breadth contrasted with the index-level gain that produced the record close.
Commodities
Energy markets registered notable strength during the session. Brent oil for June delivery rose 5.61% or 5.07 to $95.45 a barrel. U.S. crude for June delivery increased 5.74% or 4.74 to $87.33 a barrel. In contrast, the June Gold Futures contract moved lower, falling 1.23% or 60.11 to trade at $4,819.49 a troy ounce.
Foreign exchange and dollar index
Major currency pairs showed limited movement. EUR/USD was unchanged 0.18% to 1.18, while EUR/GBP was unchanged 0.01% to 0.87. The US Dollar Index Futures was down 0.03% at 97.87.
Context and takeaway
The session produced a mix of concentrated sector leadership and broader weakness in individual stocks. While the OMX Helsinki 25 closed at a new high, the larger number of decliners suggests the advance was not broadly distributed across the market. Energy and telecom-related names were the most visible contributors to the index's upward move, while software, industrials and some real estate-related names showed relative weakness.